Dr. Heiner Mikosch - Seminar Presentation

Prof. Jarko Fidrmuc

Date and Time: April 21st, 2016, 10:00 - 11:30 am

Room: A 101 in the Economics Building (Museum)

Abstract

Bank lending has been a major concern since the financial crisis. We study the effect of a firm’s own credit market experience on its perceived bank lending policy using the Austrian Business Climate Survey between 2011 and 2014. Our results show that firms’ perceptions of aggregate lending policy depend on their individual credit market experience. Only if they get the loan at the expected terms, firms are more likely to perceive the banks’ lending policy positively. Moreover, firms are more likely to update their perceptions during the period in which they need a loan. Our results are in line with theories on sticky information, rational inattention and pessimism bias when forming perceptions.

 

About the speaker

Prof. Jarko Fidrmuc is professor at Zeppelin University, Friedrichshafen, Germany and currently in the spring semester 2016 a Visiting Professor at our university. His main research areas are international economics, in specific empirical analysis of European Integration and globalization, analyses of economic cycles and theory of optimal currency area, and development of emerging economies in Eastern Europe and Asia.

Analysis of economic cycles and theory of optimal currency area theoryanay
Empirical analysis of European integration
  • Empirical analysis of European integration
  • Empirical analysis of globalization
  • Analysis of economic cycles and theory of optimal currency area theory
  • Development of emerging economies in Eastern Europe and Asia
  • Financing of small and medium-sized enterprises
  • Financing conditions of households and banks
  • Empirical analysis of European integration
  • Empirical analysis of globalization
  • Analysis of economic cycles and theory of optimal currency area theory
  • Development of emerging economies in Eastern Europe and Asia
  • Financing of small and medium-sized enterprises
  • Financing conditions of households and banks